Institute for Research on Economics and Society – Faculty of Economics and Business – University of Indonesia

Inflation April 2024 Macroeconomic Analysis Series

April 4, 2024

April inflation

Year-on-year (YoY) inflation in March 2024 was reported at 3,05% or lower compared to annual inflation in March 2023 which reached 4,97%. However, this month's inflation value is still higher than the previous month. The increase in YoY inflation in March 2024 compared to February 2024 was driven by increases in all sectors, except the energy sector and the information, communications and financial services sectors. The sectors that experienced the highest YoY inflation were the foodstuffs sector (8,54%), the food, beverage and tobacco sector (7,43%), and the personal care and other services sector (3,56%). YoY inflation in the information, communication and financial services sectors has not changed since February 2024, namely still at -0,13%.

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